Business Specialties
NRP Group Secures $29M for San Antonio Development
PGIM Real Estate Finance arranged the financing for the development of the 330-unit mixed-use project that also includes a 600,000-square-foot office building.
CA Ventures Launches New Entity, Promotes Key Executive
The company’s property management services is now a new company, CA Management Services, under the leadership of Beth Pinder, who was promoted to COO.
Capital Investment Group Breaks Ground on Orlando Luxury Project
Allure on the Parkway will offer 290 units and access to amenities such as a resort-style pool, pet park, fitness center and golf simulator.
HFF Provides $28M in Financing for Chicago-Area Asset
Completed in 1985, Valley Lo Tower II represents a unique opportunity to reposition a marquee asset in one of the city’s desirable suburbs.
American Landmark Expands NC Portfolio
Together with its equity partner, Electra America, the firm has been buying apartment communities across the Southeast and Southwest this year, adding $1.5 billion in assets and more than 10,000 apartment units.
Beachwold Residential Buys $60M Asset
Cushman & Wakefield’s Florida Multifamily Group represented Mercury Investment in its disposition of Hibiscus Springs Rental Homes, located in Tampa’s submarket of Spring Hill.
CBRE Team to Represent Seller in 2 CO Transactions
Creekside at Palmer Park and Woodland Hills are both located in Colorado Springs. Griffis/Blessing received $99.5 million for the two assets totaling 488 units.
JV Secures $49M for 5 South Carolina Properties
Arbor Realty Trust arranged the financing on behalf of Friedlam Partners and EBEX Holdings for the portfolio, which comprises more than 775 units.
Sequoia Equities Secures $100M Refi in Orange County
The owner acquired the 484-unit luxury community in 2009; the new financing package retires $60 million in debt.
Multifamily Financing’s Endurance Test
The strong multifamily market is fueling competition in the lending environment, with an abundance of new players and extended services from life companies. Tower Capital’s Adam Finkel shares his views on the capital stack outlook for 2019, along with some predictions for the sector.